Long-Term Growth in Production Can Be Partially Explained by

question 34

Multiple Choice

Long-term growth in production can be partially explained by

• A)improvements in the "rules of the game" that facilitate production and exchange
• B)the peaks and troughs of the business cycle (or economic fluctuations)
• C)trade surpluses that lead to accumulations of precious metals
• D)federal government budget deficits
• E)a gradual but consistent increase in the price level

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Definitions:

After-Tax Return

The net profit or loss of an investment after all taxes have been deducted.

Tax Bracket

A range of incomes taxed at a given rate by the government to implement a progressive tax system, where the rate increases as the taxable amount increases.

Dividend Yield

A ratio that compares the amount a company pays annually in dividends to the price of its shares.

Stock Price

The stock price is the cost of a single share of a number of saleable stocks of a company, derivative, or other financial asset.